VIP Industries
Equity View:
After a steep fall from the high of 127.90 in Feb 2012, prices made a low of 38.90 (fall of nearly 70%) in a span of 76 weeks. Prices bounced and broke out of falling trendline at 57 and consolidating in the range of 51-60.Price is also trading above the 100WMA. The positive ADX and breakout suggests the bull move on cards.
Look to buy on dips to 55 TRGT 73/89.
After a steep fall from the high of 127.90 in Feb 2012, prices made a low of 38.90 (fall of nearly 70%) in a span of 76 weeks. Prices bounced and broke out of falling trendline at 57 and consolidating in the range of 51-60.Price is also trading above the 100WMA. The positive ADX and breakout suggests the bull move on cards.
Look to buy on dips to 55 TRGT 73/89.
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